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College is recognized as an important investment and there are several options
for financing the costs. If your family is not eligible for
need-based financial assistance or chooses not to apply, the Federal
PLUS Loan Program offers an alternative resource. If your family
receives financial assistance but wishes to finance all or part of your
expected family contribution, this educational loan program can close the gap between
total costs and the financial assistance offered by the University of
Dayton. Eligibility for the PLUS loan is based upon the creditworthiness of your
parents.
The Federal PLUS Loan is available to parents of dependent undergraduate
students. Parents may borrow up to the full cost of attendance minus
other assistance during an academic year. The interest rate is fixed at
8.5%. Interest begins to accrue after disbursement of the loan,
and the first monthly payment of principal and interest is due within 60
days of the loan being fully disbursed. Parents do have the option to
defer payments until 6 months after graduation. To begin the pre-approval process for the Federal PLUS Loan
please click the link below.
Parents can visit the
Sallie Mae PLUS
website
to apply for a Federal PLUS Loan with the choice of the below lenders.
Please see our
PLUS loan
comparison chart for more details.
- Chase
- Fifth Third Bank
- National City
- Wachovia
Click here for
information about our preferred lender lists.
Undergraduate students can also explore
Alternative Student Loan
options.
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